Replying to Avatar Jeff Booth

Prices fall to the marginal cost of production in a free market because of the competition.

This is also the reason mining is a hard business. Margins are constantly under pressure from operators finding lower cost energy, compute and efficiency in their operations. Global free market.

Hope that helps.
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Hi-Yah Lowes 11mo ago

I think so đŸ˜… I can feel the wheels in my head clicking trying to work it out… it’s like you always say, it’s hard to understand the new system without a reference point.

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